About
ASI Industries Limited engages in the mining and processing of natural stones in India and internationally. The company offers Kota stones that are used in the construction of exteriors, pathways, corridors, driveways, balconies, commercial buildings, etc. It also provides natural stones, including sandstones, waterfalls, ripple, novara, versa, venezzia, split face, square, torino, tolde, trieste, brick, basket wave, diamond, catania, fermo, ferrara, laspezia, lucca, masonry, mesh mount, fish, pebble, palladiyana, and udi stones, as well as oasis designs. The company was formerly known as Associated Stone Industries (Kotah) Limited and changed its name to ASI Industries Limited. ASI Industries Limited was incorporated in 1945 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap224 Cr
P/E—
Div Yield1.61 %
Book Value₹32.30
52w High₹36.90
52w Low₹19.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 44.18 | 15.31 | 43.28 | 57.81 | 59.01 | 57.81 | 63.40 | 69.24 | 54.41 | 63.60 | 39.55 | 47.46 | 42.21 |
| Expenses | 31.88 | 19.16 | 52.14 | 104.00 | 49.10 | 50.95 | 48.14 | 64.01 | 41.54 | 54.26 | 30.38 | 50.77 | 39.92 |
| Operating Profit | 12.30 | -3.85 | -8.86 | -46.19 | 9.91 | 6.86 | 15.26 | 5.23 | 12.87 | 9.34 | 9.17 | -3.31 | 2.29 |
| OPM % | 27.84 | -25.15 | -20.47 | -79.90 | 16.79 | 11.87 | 24.07 | 7.55 | 23.65 | 14.69 | 23.19 | -6.97 | 5.43 |
| Other Income | 2.77 | 1.71 | 1.88 | 1.19 | 2.78 | 1.27 | 1.11 | 1.00 | 1.04 | 1.23 | 0.98 | 15.91 | 14.45 |
| Depreciation | 1.38 | 1.36 | 6.80 | 17.08 | 8.80 | 8.97 | 8.80 | 4.41 | 4.38 | 4.24 | 4.34 | 4.48 | 4.11 |
| Interest | 0.67 | 0.73 | 0.68 | 1.81 | 2.06 | 2.82 | 5.19 | 1.08 | 1.99 | 1.96 | 1.93 | 2.09 | 2.22 |
| Profit before tax | 13.02 | -4.23 | -14.46 | -63.89 | 1.83 | -3.66 | 2.38 | 0.74 | 7.54 | 4.37 | 3.88 | 6.03 | 10.41 |
| Tax % | 38.79 | -4.49 | 5.60 | -14.93 | 115.85 | -21.31 | 31.51 | 9.46 | 29.84 | 43.02 | 12.37 | -22.55 | -1.34 |
| Net Profit | 7.97 | -4.03 | -15.29 | -54.36 | -0.29 | -2.88 | 1.62 | 0.67 | 5.29 | 2.49 | 3.40 | 7.39 | 10.55 |
| EPS in Rs | 0.88 | -0.45 | -1.70 | -6.03 | -0.03 | -0.32 | 0.18 | 0.07 | 0.59 | 0.28 | 0.41 | 0.89 | 1.27 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 238.00 | 227.00 | 208.00 | 260.00 | 314.00 | 308.00 | 197.00 | 209.00 | 131.00 |
| Expenses | 246.00 | 190.00 | 195.00 | 217.00 | 267.00 | 256.00 | 159.00 | 173.00 | 104.00 |
| Operating Profit | -8.00 | 37.00 | 12.00 | 43.00 | 47.00 | 52.00 | 38.00 | 36.00 | 26.00 |
| OPM % | -3.60 | 16.00 | 6.00 | 17.00 | 15.00 | 17.00 | 19.00 | 17.00 | 20.00 |
| Other Income | 1.00 | 4.00 | 43.00 | 12.00 | 6.00 | 8.00 | 6.00 | 6.00 | 3.00 |
| Interest | 12.00 | 7.00 | 9.00 | 9.00 | 11.00 | 12.00 | 14.00 | 8.00 | 6.00 |
| Depreciation | 44.00 | 17.00 | 17.00 | 16.00 | 16.00 | 17.00 | 14.00 | 6.00 | 8.00 |
| Profit before tax | -63.00 | 17.00 | 30.00 | 30.00 | 26.00 | 31.00 | 17.00 | 27.00 | 16.00 |
| Tax % | -12.00 | 28.00 | -5.00 | 26.00 | 27.00 | 24.00 | 53.00 | 47.00 | 35.00 |
| Net Profit | -56.00 | 12.00 | 31.00 | 22.00 | 19.00 | 24.00 | 8.00 | 14.00 | 10.00 |
| EPS in Rs | -6.21 | 1.32 | 3.79 | 2.71 | 2.32 | 2.84 | 0.94 | 1.74 | 1.21 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 11.00 | 13.00 | 11.00 | 26.00 | 14.00 | 16.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Sep 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.00 | 9.00 | 9.00 | 9.00 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 |
| Reserves | 282.00 | 283.00 | 340.00 | 322.00 | 248.00 | 228.00 | 212.00 | 188.00 | 181.00 | 170.00 |
| Borrowings | 27.00 | 109.00 | 303.00 | 301.00 | 226.00 | 187.00 | 191.00 | 177.00 | 102.00 | 43.00 |
| Other Liabilities | 29.00 | 53.00 | 82.00 | 71.00 | 57.00 | 49.00 | 54.00 | 56.00 | 98.00 | 23.00 |
| Total Liabilities | 347.00 | 455.00 | 734.00 | 703.00 | 539.00 | 472.00 | 465.00 | 427.00 | 387.00 | 243.00 |
| Fixed Assets | 168.00 | 224.00 | 485.00 | 291.00 | 274.00 | 278.00 | 261.00 | 269.00 | 191.00 | 167.00 |
| CWIP | 0.00 | 0.00 | 6.00 | 193.00 | 12.00 | 0.00 | 0.00 | 2.00 | 27.00 | 0.00 |
| Investments | 42.00 | 87.00 | 43.00 | 28.00 | 7.00 | 8.00 | 10.00 | 0.00 | 0.00 | 4.00 |
| Other Assets | 137.00 | 144.00 | 201.00 | 192.00 | 246.00 | 186.00 | 194.00 | 155.00 | 169.00 | 71.00 |
| Total Assets | 347.00 | 455.00 | 734.00 | 703.00 | 539.00 | 472.00 | 465.00 | 427.00 | 387.00 | 243.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 60.00 | 30.00 | 70.00 | 31.00 | 31.00 | 41.00 | -28.00 | 43.00 | 3.00 |
| Cash from Investing Activity | 142.00 | -29.00 | -125.00 | -57.00 | -22.00 | -12.00 | -63.00 | -56.00 | -3.00 |
| Cash from Financing Activity | -204.00 | -4.00 | 60.00 | 27.00 | -18.00 | -25.00 | 93.00 | 25.00 | -9.00 |
| Net Cash Flow | -2.00 | -2.00 | 5.00 | 0.00 | -9.00 | 4.00 | 2.00 | 13.00 | -9.00 |
| Free Cash Flow | 261.00 | 0.00 | -56.00 | -45.00 | -3.00 | 38.00 | -93.00 | -18.00 | 2.00 |
| CFO/OP % | -784.00 | 94.00 | 612.00 | 89.00 | 84.00 | 95.00 | -42.00 | 136.00 | 34.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 119.00 | 188.00 | 182.00 | 174.00 | 125.00 | 134.00 | 162.00 | 204.00 | 116.00 |
| Inventory Days | 148.00 | 352.00 | 322.00 | 356.00 | 124.00 | 88.00 | 206.00 | 74.00 | 214.00 |
| Days Payable | 48.00 | 85.00 | 50.00 | 57.00 | 16.00 | 40.00 | 228.00 | 265.00 | 0.00 |
| Cash Conversion Cycle | 219.00 | 456.00 | 454.00 | 473.00 | 232.00 | 183.00 | 139.00 | 12.00 | 330.00 |
| Working Capital Days | 72.00 | -65.00 | -106.00 | 47.00 | 52.00 | 54.00 | 56.00 | -15.00 | 41.00 |
| ROCE % | -9.00 | 4.00 | 7.00 | 9.00 | 9.00 | 10.00 | 9.00 | 13.00 | — |
Corporate Actions
22 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 04 Sep 2025 | 05 Sep 2025 | — | 0.40 | |
| Dividend | 13 Sep 2024 | 13 Sep 2024 | — | 0.35 | |
| Dividend | 22 Sep 2023 | — | — | 0.20 | |
| Dividend | 12 Sep 2019 | — | — | 0.30 | |
| Dividend | 14 Sep 2018 | — | — | 0.30 | |
| Dividend | 14 Sep 2017 | — | — | 0.30 | |
| Bonus | 29 Sep 2016 | 30 Sep 2016 | 1:4 | — | |
| Dividend | 15 Sep 2016 | — | — | 0.30 | |
| Split | 26 Nov 2015 | 27 Nov 2015 | 5:1 | — | |
| Dividend | 16 Sep 2015 | — | — | 1.50 | |
| Dividend | 11 Sep 2014 | — | — | 1.25 | |
| Dividend | 13 Aug 2013 | — | — | 1.25 | |
| Dividend | 14 Aug 2012 | — | — | 1.00 | |
| Dividend | 01 Aug 2011 | — | — | 1.00 | |
| Dividend | 17 Aug 2010 | — | — | 0.75 | |
| Split | 18 Feb 2010 | 19 Feb 2010 | 10:5 | — | |
| Dividend | 24 Nov 2009 | 25 Nov 2009 | — | 0.50 | |
| Dividend | 09 Sep 2009 | — | — | 1.20 | |
| Dividend | 10 Sep 2008 | — | — | 1.00 | |
| Other | 13 Mar 2007 | 21 Mar 2007 | — | — | Scheme of Arrangement |
| Other | 01 Sep 2004 | — | — | — | General |
| Other | 27 Aug 2003 | — | — | — | General |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update12 Oct 2020 from crisil
-
Rating update17 Jun 2020 from crisil
-
Rating update15 Apr 2020 from crisil
-
Rating update17 Mar 2020 from crisil
-
Rating update9 Mar 2020 from crisil
-
Rating update6 Dec 2019 from crisil